Hannah ortega is considering expanding her business. she plans to hire a salesperson to cover trade shows. because of compensation, travel expenses, and booth rental, fixed costs for a trade show are expected to be $11,280. the booth will be open 24 hours during the trade show. ms. ortega also plans to add a new product line, prooffice, which will cost $175 per package. she will continue to sell the existing product, ezrecords, which costs $104 per package. ms. ortega believes that the salesperson will spend approximately 14 hours selling ezrecords and 10 hours marketing prooffice. required determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 77 units of ezrecords and 56 units of prooffice. determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 195 units of ezrecords and 109 units of prooffice.

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Georgia's gross pay was 35,600 this year she is to pay a federal income tax of 16% how much should georgia pay in federal income ax this year

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.